"I cannot conceive it possible, without the grossest miscalculation, that there should be a redundancy of capital and of labour at the same time."-- David Ricardo, Letters to Malthus, LXXIII [pg 173]
CNN, 9 January 2024, has Trump saying "I don’t want to be Herbert Hoover." CNN adds: "The US
stock market crashed during former President Herbert Hoover’s first year in office in 1929, which
signaled the beginning of the Great Depression." See my work on the Trump Depression
Subscribe to:
Post Comments (Atom)
-
Went to Harbor Freight the other day. When I left, there was so much traffic I had to fight my way out of the parking lot -- at one p.m. on ...
-
I've been hearing the phrase "late capitalism" for so long that I'm forced to conclude that the very concept of late cap...
-
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio...
-
As I write this it is mid-October in an even-numbered year. Elections are weeks away. Yesterday, I saw Republican candidates heavily adver...
-
JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand....
2 comments:
It is astonishing what foolish things one can temporarily believe if one thinks during the greatest age of the inducement to investment.
ps, those are quotes from the Preface and Chapter 23.
Post a Comment